eBay Inc. provides online platforms, tools, and services to help
individuals and merchants in online and mobile commerce and payments in
the United States and internationally. Its Marketplaces segment operates
ecommerce platform eBay.com; vertical shopping sites, such as StubHub,
Fashion, Motors, and Half.com; and classifieds Websites, including Den
Blå Avis, BilBasen, Gumtree, Kijiji, LoQUo, Marktplaats.nl, mobile.de,
Alamaula, eBay Anuncios, eBay Kleinanzeigen, and eBay Annunci, as well
as provides advertising services. This segment also provides RedLaser to
facilitate mobile commerce; Milo to enable search for goods at local
retailers; WHI to offer an ecatalog of motor parts and accessories; and
Hunch to improve search and merchandising based on customers' needs and
tastes. The company's Payments segment offers payment and settlement
services for consumers and merchants on and off eBay Websites and other
merchant Websites. This segment operates PayPal, which enables
individuals and businesses to send and receive payments online and
through mobile devices.
Please take a look at the 1-year chart of EBAY (eBay, Inc.) below with my added notations:
EBAY has been holding a very important level of support of $50 (navy)
since December of last year. You can also see that $50 had been a
resistance (red) prior to that back in October and November. No matter
what the market has or has not done since December, the stock has held
that $50 level. EBAY is approaching $50 again and that should provide
another bounce higher, but if the overall market sells-off, EBAY could
break that support.
The Tale of the Tape: EBAY has a very strong level
of support at $50. A trader could enter a long position at $50 with a
stop placed under the level. If the stock were to break below the
support, a short position would be recommended instead.
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